RS Group (LON:RS1) Sets New 12-Month High – Should You Buy?

Shares of RS Group plc (LON:RS1) hit a new 52-week high during trading on Thursday. The stock traded as high as GBX 819 and last traded at GBX 806.33, with a volume of 49,013,262 shares traded. The stock had previously closed at GBX 760.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on RS1 shares. JPMorgan Chase & Co. lifted their price objective on shares of RS Group from GBX 635 to GBX 720 and gave the company an “overweight” rating in a research note on Friday, July 17th. Berenberg Bank increased their target price on shares of RS Group from GBX 650 to GBX 900 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 733.75.

RS Group Stock Up 6.1%

The stock has a market cap of £3.69 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 1.85 and a beta of 0.87. The stock has a 50 day simple moving average of GBX 762.50 and a 200 day simple moving average of GBX 676.71. The company has a quick ratio of 1.24, a current ratio of 1.79 and a debt-to-equity ratio of 35.05.

RS Group (LON:RS1) last issued its earnings results on Thursday, November 5th. The company reported GBX 20.90 earnings per share for the quarter. RS Group had a return on equity of 11.55% and a net margin of 5.62%. The company had revenue of GBX 154.43 billion for the quarter.

RS Group Company Profile

RS Group plc is a high-service global product and service solutions provider for industrial customers, enabling them to operate efficiently and sustainably.

We operate in 33 markets, stock over 875,000 industrial and specialist products and list an additional five million relevant for our industrial customers, sourced from over 2,500 suppliers. This extensive range supports our customers across the industrial lifecycle of designing, building, and maintaining equipment and operations. We enhance their experience through a tailored service model, leveraging our efficient physical, digital and process infrastructure sustainably.